Markets
BIG

Big Lots Issues Q1 Earnings Guidance; Declares Dividend

(RTTNews) - Big Lots, Inc. (BIG) said the company expects its financial performance in 2021 will be significantly affected by the Covid-19 pandemic. For the first quarter, the company expects earnings per share in the range of $1.30 to $1.45, based on a low-single-digit comparable sales increase.

Fourth quarter net income per share was $2.59, compared to $2.39, a year ago. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $2.50, for the quarter. Analysts' estimates typically exclude special items. Fourth quarter net sales were $1.74 billion, up 8.1% from last year, with the growth resulting from a 7.9% increase in comparable sales, and sales growth from new and relocated non-comp stores, offset by a slightly lower average store count year-over-year. Analysts expected revenue of $1.74 billion, for the quarter.

On March 4, 2021, the company's Board of Directors declared a quarterly cash dividend of $0.30 per common share for the first quarter of fiscal 2021. The dividend will be paid on April 2, 2021, to shareholders of record as of the close of business on March 19, 2021.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BIG

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More